Plan to increase Canal toll maintained

The increase from $63 to $72 in the toll for Twenty-foot Equivalent (TEU) containers is scheduled for May 2009.

Thursday, February 5, 2009

Prensa.com reports: "In 2007, it was agreed that the toll increase would happen in three stages and the plan still stands, said the administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta.

The International Chamber of Shipping, Intercargo and Intertanko requested that the ACP freeze the toll increase in view of the contraction of maritime transport due to the global crisis, according to reports from the Xinhua agency."

More on this topic

Toll Rate Increase at Panama Canal

August 2012

The new toll structure is divided into 10 segments for type of vessel, three segments for tank detail, and includes roll-on/roll-off vessels in the segment of vessel carriers.

From a statement from the Panama Canal Authority (ACP):
Cabinet Council approves new Panama Canal tolls

Shipping Companies Call for Delay in Toll Hike

May 2012

ICS member companies fear a further negative impact from the effects of the global economic crisis, if Panama applies a toll hike from July 1.

The International Chamber of Shipping companies (ICS), the largest international shipping association, has asked the Panama Canal Authority (ACP in Spanish) to postpone the increase in tolls of 15%, whose first phase has been announced for 1 July.

Panama Approves Higher Canal Tolls

June 2010

Starting on January 1st 2011, vessels transiting through the Canal will pay $74 for each container, up from $72.

The presidential cabinet included an exception for refrigerated cargo containers. The increase for them will come into force on April 2011, after a request from Peru, Ecuador and Chile, who alleged the negative effects the economic crisis has had on the maritime cargo industry.

Price war at sea

February 2009

Shipping companies are seeing a decrease in the volume of maritime cargo and their earnings, and have begun to pressure the Panama Canal concerning the toll.

The Panama Canal Authority has set a price increase schedule for the Canal toll for 2009 and 2010, and the large shipping companies, which are experiencing a decrease in earnings due to the drop in maritime trade, are looking for ports where they can operate a lower cost.

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